CBRE Arranges Sale of The Tyler Multifamily Community in Gilbert, Arizona

PHOENIX (July 15, 2026) – CBRE arranged the sale of The Tyler, a 320-unit multifamily community located in the Agritopia master-planned community in Gilbert, Arizona. CBRE’s Asher Gunter, Matt Pesch and Austin Groen represented the seller, StreetLights Residential. Camden Property Trust acquired the property.

“StreetLights builds at a standard that is immediately apparent the moment you walk onto a property. The Tyler’s construction quality, the finish level, and the intentionality of the design put this community in a category of its own within the Gilbert submarket,” said Gunter, said CBRE’s Vice Chairman. “The outcome of this transaction reflects the depth of investor confidence in both the Agritopia location and the StreetLights brand.”

The Tyler is a Fitwel-certified (a global health and wellness certification system) community offering studio, one-, two- and three-bedroom floor plans. Residences feature stone countertops, custom cabinetry, wood-style flooring, 10-foot ceilings, dine-in kitchen islands, built-in desks, in-unit washers and dryers, and private balconies.

Community amenities include a resort-style pool with cabanas, spa and fireplace, a greenhouse-style coworking space and conference room, a demonstration kitchen, an outdoor entertainment paseo with grilling stations and media lounges, a fitness center, electric vehicle charging stations, bike storage, and a pet wash station.

“The Tyler fits our acquisition criteria with precision. Camden’s strategy centers on high-growth Sunbelt markets where employment expansion and population influx create durable, long-term demand for quality apartment homes, and Gilbert delivers on every one of those fronts,” said Camden Senior Vice President Stanley Jones. “Pairing that submarket conviction with a newly constructed, design-forward asset built by one of the country’s most respected multifamily developers made this a compelling opportunity. We are excited to welcome The Tyler into the Camden portfolio.”

The property is located within Agritopia’s Epicenter district, which offers walkable access to more than 20 local retailers and restaurants, as well as community gathering spaces and events. The site also provides convenient access to Loop 202 and U.S. 60, connecting residents to major employment centers throughout the Phoenix metropolitan area.

“Our team poured a tremendous amount of care into The Tyler, approaching it from day one as a true place-making exercise rather than just a development project,” said StreetLights Residential COO Case Killgore. “Agritopia is a one-of-a-kind place, thoughtfully developed as a family legacy by our partners.”

Camden Property Trust, an S&P 500 company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. Camden owns and operates 176 properties totaling approximately 60,000 apartment homes across the United States.

StreetLights Residential, founded in 2011 and headquartered in Dallas, is a developer of urban multifamily and mixed-use communities. The company has been recognized as one of the largest multifamily developers in the United States.

Arizona Commercial Real Estate (ACRE) propels through Q2 on strong closings, new development, market demand

PRESCOTT, Ariz. (July 14, 2026) – Arizona Commercial Real Estate (ACRE), an Arizona-based full-service commercial real estate firm, continued its strong momentum throughout the second quarter of 2026, highlighted by significant transactions, new industrial development activity, and ongoing investment across Central Arizona.

Among the quarter’s most notable achievements was the introduction and vertical development of Lone Sky 3, a new ±62,800 SF Class A flex industrial project located at 9200 E. Florentine Road in Prescott Valley. The development features 10 flexible suites ranging from ±1,820 SF to ±19,780 SF designed to accommodate warehouse, flex, and light industrial users. With modern architecture, grade-level loading, generous clear heights, energy-efficient construction, and customizable office build-out options, Lone Sky 3 is positioned to meet the growing demand for high-quality industrial space in one of Arizona’s fastest-growing commercial corridors.

The quarter also included the successful sale of an industrial/commercial warehouse facility in Camp Verde for $1.9 million, underscoring continued investor confidence in the Verde Valley industrial market and strengthening demand for quality industrial assets throughout the region.

Additionally, ACRE completed the sale of 3600 Ranch Drive in Prescott for $1.25 million, further demonstrating the firm’s ability to successfully market and transact commercial properties across multiple asset classes and geographic markets.

“Our team continues to see strong interest from investors, business owners, and developers who recognize the long-term opportunities throughout Central and Northern Arizona,” said Matthew Fish, Co-Owner of Arizona Commercial Real Estate. “The combination of business growth, population migration, and quality commercial inventory continues to drive meaningful activity across industrial, retail, office, and investment sectors.”

The second quarter also showcased the breadth of ACRE’s expertise, from introducing large-scale industrial developments to helping local businesses establish and expand their presence in the community.

Notable transactions included securing a downtown Prescott location for Heavy Hitter Smash Burger and assisting Salt & Pepper Café with its relocation to Prescott Valley, highlighting ACRE’s ability to serve clients across industrial, retail, and hospitality sectors.

Looking ahead to the second half of 2026, ACRE expects continued demand for industrial and flex space, growing interest from regional and out-of-state investors, and ongoing opportunities stemming from Central Arizona’s sustained economic and population growth.

The firm’s development pipeline, active listings, and leasing assignments position ACRE to remain at the forefront of the region’s evolving commercial real estate landscape.

“With several projects underway and new opportunities emerging across the market, we are optimistic about the next six months,” said Lacey Fish, Co-Owner of Arizona Commercial Real Estate. “Our focus remains on helping clients achieve their real estate goals while contributing to the economic vitality of the communities we serve.”

These accomplishments, combined with continued leasing activity, strategic marketing initiatives, and a growing development pipeline, reinforce Arizona Commercial Real Estate’s commitment to delivering exceptional results for clients and supporting the continued economic growth of Central Arizona.

Improving Economic Momentum Supports Stronger Second-Half CRE Outlook

(July 15 2026) — The U.S. economy is entering the second half of 2026 with improving economic momentum, supported by strengthening labor conditions, expanding business activity and resilient consumer spending. Together, these factors are creating a more favorable outlook for commercial real estate despite continued uncertainty surrounding tariffs, inflation and interest rates.

A July 2026 research brief from Marcus & Millichap reports that the economy has remained durable after navigating approximately 15 months of weak job creation, geopolitical disruptions and inflationary pressures. Recent employment gains now suggest that economic momentum may be strengthening.

Labor market conditions weakened between May 2025 and February 2026, resulting in the cumulative loss of nearly 50,000 jobs and reduced workforce mobility. That trend shifted beginning in March, however, with approximately 550,000 jobs added over the following four months.

Much of the employment growth has occurred in major metropolitan areas, including Phoenix, Dallas, New York, Orlando, Los Angeles, and Houston. The concentration of new jobs in large markets is expected to support demand across several commercial real estate sectors.

If hiring continues and unemployment remains in the low-4% range, Marcus & Millichap expects the labor market to provide additional support for apartment and office demand.

Manufacturing and Services Return to Expansion

Improving business activity is also contributing to the more optimistic outlook.

The Institute for Supply Management’s manufacturing and services indexes are signaling renewed expansion after a prolonged period of stagnation. The Manufacturing Index, which remained in contraction territory for much of the previous year, has registered above 50 since January, indicating renewed growth.

The Services Index has strengthened from near-break-even levels into the mid-50s, suggesting continued expansion across the more than 15 industries included in the survey.

The chart included in the research brief shows both manufacturing and services activity moving back above the threshold separating expansion from contraction. Continued improvement in those indicators would support demand for industrial, logistics and retail properties.

Industrial real estate could benefit from increased manufacturing output, inventory movement and business investment. Retail properties may also see stronger tenant demand as service-sector activity and consumer spending remain positive.

Consumer Spending Remains a Key Economic Driver

Consumer spending continues to be one of the strongest components of the economy.

Headline retail sales increased 6.9% year over year in May, while core retail sales rose 5.6%. After adjusting for inflation, core sales increased 2.2%, indicating that consumers were purchasing more goods rather than growth being driven entirely by higher prices.

Household debt remains a concern, but debt-service payments represented approximately 11.2% of disposable income, 60 basis points below the pre-pandemic average recorded between 2012 and 2019.

Continued retail sales growth could support demand for both shopping centers and the warehouses, distribution facilities and logistics networks that supply retailers and consumers.

Risks Remain for Investors

The improved outlook does not eliminate the risks facing the economy and commercial property markets.

Tariff pressures, geopolitical instability, and uncertainty surrounding the renegotiation of the United States-Mexico-Canada Agreement could affect business costs and investment decisions. Inflation also remains a concern, particularly if higher costs force the Federal Reserve to maintain restrictive monetary policy.

According to the report, financial markets were anticipating a potential 25- to 50-basis-point interest-rate adjustment by year-end. Easing inflation, however, could reduce pressure on the Federal Reserve and create a more supportive financing environment.

Stable or declining borrowing costs would help improve transaction activity by narrowing the pricing gap between buyers and sellers and making commercial real estate acquisitions and development projects easier to finance.

While economic risks remain, the combination of stronger hiring, expanding business activity and continued consumer spending is creating a more constructive environment for commercial real estate during the second half of 2026.

Read full source here: Marcus & Millichap Research Services, Economic Outlook, July 2026